COCA-COLA European Partners plc (CCEP) has acquired Coca-Cola Amatil Ltd according to a market announcement from the company yesterday.
According to the announcement Paradise Beverages (Fiji) Ltd (PBF) advised that a Scheme of Arrangement (Scheme) pursuant to which all of the shares held by the independent shareholders of Coca-Cola Amatil Ltd (Amatil) would be acquired by Coca-Cola European Partners plc (CCEP) had become legally effective.
“In Fiji, Amatil (through a holding company) owns Coca-Cola Amatil (Fiji) Pte Ltd, which in turn owns 89.6 per cent of the shares in PBF,” stated the company.
“CCEP has also entered into an agreement with the Coca-Cola Company (TCCC) to acquire all of TCCC’s shares in Amatil (together with the Scheme, this is the CCEP Acquisition).
As the CCEP acquisition is implemented Amatil would become a wholly-owned subsidiary of CCEP and would no longer be listed on the Australian Securities Exchange. CCEP is a leading consumer goods company, a strategic bottling partner to Coca-Cola in Western Europe, and the world’s largest independent Coca-Cola bottler by revenue.
CCEP had a portfolio of 54 brands, operating in 13 countries, serving one million outlets and more than 300 million consumers.
It employed around 23,500 people and was publicly listed on stock exchanges in Amsterdam, New York, Madrid and London, with its corporate headquarters in London.
